Buy to Let Mortgage Range (as of 13/02/2017, rates may be withdrawn at any time)
Product
3 Year Fixed
5 Year Fixed
3 Year Tracker
Up to
60% LTV
Up to
75% LTV
Arrangement
Fee
2.44%
2.74%
£0
2.34%
2.64%
£995
2.64%
3.04%
£0
2.54%
2.94%
£995
2.34%
2.54%
(BBR + 2.09%)
(BBR + 2.29%)
£995
2.44%
2.64%
(BBR + 2.19%)
(BBR + 2.39%)
3 Year Fixed for SPV/LLP/Ltd Co
2.79%
3.29%
5 Year Fixed for SPV/LLP/Ltd Co
3.39%
3.89%
3 Year Tracker for SPV/LLP/Ltd Co
2.59%
2.89%
(BBR + 2.34%)
(BBR + 2.64%)
5 Year Tracker
5 Year Tracker for SPV/LLP/Ltd Co
2.69%
2.99%
(BBR + 2.44%)
(BBR + 2.74%)
£995
1.25%
All products will transfer to SBI’s Standard Variable Rate (SVR) at the end of the product’s incentive period: 4.49%
YOUR BUY-TO-LET PROPERTY MAY BE REPOSSESSED AND/OR A RECEIVER OF RENT APPOINTED IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
PO Box 1018, Ipswich, Suffolk IP1 9WJ Tel: 0844 967 1860 Fax: 01473 283 859 DX: 141243 Ipswich 13
State Bank of India’s BTL products are not regulated by the FCA or PRA
www.sbiuk.com
Authorised and regulated by Reserve Bank of India. Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority (FCA) and limited regulation by the Prudential Regulation
Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. FCA registered number is 139156
Early Repayment Charges
Product
3 Year Fixed
5 Year Fixed
Tracker Products
Year 1
Year 2
Year 3
Year 4
Year 5
3%
4%
2%
2%
4%
2%
1%
3%
0%
0%
3%
0%
0%
2%
0%
General Product Terms and Conditions
Criteria
Notes
Applicant Age
21 at time of application. At least one applicant must be under 65 at the time of application
No of Applicants
Up to 4 applicants
Term
5 to 25 years
Loan Size
£50,000 - £3,000,000 (Subject to LTV restrictions, see below)
75%: Up to £500,000
Maximum LTV
65%: Between £500,001 and £1,000,000
60%: Between £1,000,001 and £1,500,000
50%: Between £1,500,001 and £3,000,000
BTL Standard Range:
5 Year Fixed - 145% of monthly interest payment at a stress rate of 5.00%
Other Products - 145% of monthly interest payment at a stress rate of product rate +2.00% or 5.50% (Whichever is higher)
Rental Calculation
BTL Companies Range:
5 Year Fixed - 125% of monthly interest payment at a stress rate of 5.00%
Other Products - 125% of monthly interest payment at a stress rate of product rate +2.00% or 5.50% (Whichever is higher)
Repayment Method
Interest Only, Capital Repayment, Part and Part
Location
England and Wales
PO Box 1018, Ipswich, Suffolk IP1 9WJ Tel: 0844 967 1860 Fax: 01473 283 859 DX: 141243 Ipswich 13
State Bank of India’s BTL products are not regulated by the FCA or PRA
www.sbiuk.com
Authorised and regulated by Reserve Bank of India. Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority (FCA) and limited regulation by the Prudential Regulation
Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. FCA registered number is 139156